The aim of our paper is to formulate and empirically verify the simple backward looking econometric model of the monetary policy rule, which would be able to describe the development of monetary policy rate, namely only on the basis of statistically measured and at the given time available...

The ECB concept of analysis of deviation of actual money stock development from its long run equilibrium development is based on the assumption that bigger deviation signalizes risks for the price stability. The ECB considers three measures of this deviation: nominal money gap, real money gap...

The paper is focused on selected factors influencing the money demand development in the Czech Republic from 1994 to 2000. The basic theoretical approaches to the money demand issue and the theoretical background of the analysis are described. The multi- and singl-equational models as a basis...